Annual Report-FY 2011-12 - Timex Group India

As at 31 March 2011(Rs. in lakhs)Gross block Accumulated amortisation Net blockDescription As at Additions Deletions As at Up to For the year Deletions/ Up to As at As at31 March 2010 31 March 2011 31 March 2010 adjustments 31 March 2011 31 March 2011 31 March 2010Computer Software 25 – – 25 7 4 – 11 14 18Total 25 – – 25 7 4 – 11 14 1811. Loans and advances Non current CurrentYear ended Year ended Year ended Year ended31 March 2012 31 March 2011 31 March 2012 31 March 2011(Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs)Capital advancesUnsecured, considered good 22 27 - -22 27 - -Security depositsUnsecured, considered good 342 359 - -Unsecured, considered doubtful 31 - - -373 359 - -Less: Provision for doubtful security deposits 31 - - -342 359 - -Other loans and advancesUnsecured, considered good, unless stated otherwiseAdvance income-tax [net of provision for tax 27 20 - -Rs. 620 lakhs (previous year Rs. 107 lakhs)]Prepaid expenses - - 42 30Advances to employees (refer note 34) - - 10 12Vehicle loans to employees * 1 2 1 1Balances with government authorities - - 148 169Advances to vendors - - 110 257Others - - 7 1928 22 318 488392 408 318 488* Secured by hypothecation of respective vehicles12. Other assets Non current CurrentUnsecured, considered good, unless stated otherwise Year ended Year ended Year ended Year ended31 March 2012 31 March 2011 31 March 2012 31 March 2011(Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs) (Rs. in lakhs)Fixed deposits with original maturity of more 2 - # - -than 12 months *Interest accrued on fixed deposits - - - # 12 - - 1*Pledged with bank as security for guarantees issued on behalf of the Company.# Amount is below rounding off threshold adopted by the Company.41